These terms and conditions apply to your Debit Card. You must read them carefully.
By applying for the FIN-DIGIT Debit Card (the “Card”), you agree that you understand, accept and shall comply with these Terms and Conditions and the Fees and Limits set out on the Website (together the “Agreement”).
The Virtual Debit card (credited with value by way of the issue of Electronic Money as defined by the EMR) which means you do not receive a physical card, instead you will create a Username and Password during the application process which will allow you to access your [Card] Account containing the card number and other relevant information.
The Physical Debit card (credited with value by way of the issue of Electronic Money as defined by the EMR) will be issued as a Virtual Card and converted to a Physical Card you will create a Username and Password during the application process which will allow you to access your FIN-DIGIT Debit Card Account containing the card number and other relevant information.
The Debit Card is not a credit card or a charge card, is it a debit card linked to a current account, no interest is payable to you on the balance and the Card Funds do not amount to a deposit with us. The Virtual Card can be used worldwide for most online transactions where you see the Card Scheme logo. The Physical Card can be used worldwide for most online transactions, at Point-of-Sale Terminal and ATM, where you see the Card Scheme logo.
|"ATM"||means a cash machine;|
|"FIN-DIGIT Account"||means an account linked to the Card, accessed via the Website using your Username and Password, allowing you to manage the Card functionality, including: updating your personal details; loading or suspending the Card; checking the Card balance; and linking a Payment Source to the Card;|
|"Approval Process"||means the process or processes adopted by FIN-DIGIT Ltd under agreement by the issuer Monavate from time to time by which we review and approve the issuing of Cards and Accounts, including anti-money laundering checks;|
|"Cardholder"||means the user of the Card and the person that has entered into this Agreement;|
|"Card Schemes"||means Mastercard and/or such other similar industry schemes as may be notified by us from time to time in relation to Cards;|
|"Currencies"||means, subject to clause 2.5 and 3.4, any one or more of GBP, EUR, USD and/or any other currency that we may make available from time to time;|
|"Customer Support"||Live chat via our website and accessed from within the account, customers can also call the number on the card or email email@example.com|
|"Designated Merchant"||means the merchant that has introduced you to us in order that you can apply for a Card to use to purchase its good or services;|
|"Electronic Money Regulations" or "EMR"||means the Electronic Money Regulations of 2011 implementing the Electronic Money Directive 2009 (Directive 2009/110/EC) of the European Commission;|
|"EUR"||means the lawful currency of the Eurozone;|
|"GBP"||means the lawful currency of Great Britain;|
|"USD"||means the lawful currency of the United States of America;|
|"Merchants"||means a Designated Merchant or Other Merchants;|
|"Other Merchants"||means a merchant other than the Designated Merchant which accept the Card as a form of payment;|
|"Card Fees and Limits"||means the fees and limits applicable to the Card as set out on the Website as amended from time to time;|
|"Card Fund"||means the aggregate sum of all the funds loaded onto the Card in each Currency;|
|"Customer Support"||means any services, including call centre services, provided by us or our third-party service providers in connection with the Card;|
|"Currency"||means, subject to clause 2.5, anyone (1) or more of EUR, GBP, USD and any additional currency that we may make available in connection with the Card from time to time;|
|"Fees"||means the fees set out under the Fees and Limits table applicable to the Card or a transaction.|
|"Payment Source"||means a debit card, a credit card or bank account you nominate to be linked to your Card in order to apply loads to the Card for automatic loads to cover a transaction where there are insufficient Card Funds;|
|"the Services"||means creation and administration of Cards and administration of [Card] Accounts;|
|"Primary Payment Card"||means a debit or credit card nominated as a Payment Source to be linked to the Card for automatic loads to cover transactions where there are insufficient Card Funds;|
|"Username or Password"||means the username and password you create during the application process (or as subsequently amended by you) allowing you to access your [Card] Account;|
|"we, us, our"||means FIN-DIGIT Limited or the Issuer Monavate Limited;|
|"Website"||means our website at www.fin-digit.com;|
|"Working Day"||means Monday to Friday from 0900 to 1700, except for any public bank holidays in England and Wales; and|
|"you, your"||means you as the Cardholder.|
In these terms and conditions “you” means the named Debit Cardholder and any authorized user of the Debit Card. “We”, “us” or “our” means Monvate Limited (Issuer) of the Debit Card provided by FIN-DIGIT Limited who provides the access system as the Cobrand Partner in charge of promotion, marketing and distribution of the product.
For the avoidance of doubt, redeeming the balance on your Card will not terminate the Agreement. If you wish to terminate the Agreement, then Clause 14.4 will apply.
we may make such amendments prior to notifying you.
The Card is an Electronic Money (“e-money”) product and, as such, the Financial Services Compensation Scheme does not apply. This means that in the unlikely event that EFTX Limited or Monavate Limited becomes insolvent, any e-money on your Card (i.e., any credit balance) may lose its value and become unusable and you may therefore lose such e-money. Other than as set out in Clause 17 (Complaints), there are no other compensation schemes available to you in the event that EFTX Limited or Monavate Limited is unable to satisfy any claims relating to the Card.
This Agreement and any matter arising from or in connection with the Cards and/or Card Account shall be governed by English law and subject to the exclusive jurisdictions of the Courts of England and Wales.
Monavate Limited, The Officers Mess Business Centre Royston Road Duxford, Cambridge, CB22 4QH.
Monavate Limited is authorised and regulated by the Financial Conduct Authority (registration number 901097) and is permitted to issue e-money, with its registered office at The Officers Mess Business Centre Royston Road Duxford, Cambridge, CB22 4QH with registered company number 12472532.
London, EC2V 6AA
Phone: (+44) 020 3823 2088 / 0207
Phone: +372 618 8125
Payment Services are provided by Monavate Ltd is authorised in the UK by the Financial Conduct Authority (register reference 901097) under the Electronic Money Regulations 2011 for the issuing of electronic money and the provision of payment services.
In these terms and conditions “you” means the named Debit Cardholder and any authorised user of the Debit Card. “We”, “us” or “our” means Monvate Limited (Issuer) of the Debit Card provided by EFTX Limited who provides the access system as the Cobrand Partner in charge of promotion, marketing and distribution of the product.
Account services for FIN-DIGIT are provided by The Currency Cloud B.V.. Registered in the Netherlands No. 72186178. Registered office: Nieuwezijds Voorburgwal 296-298, 1012RT Amsterdam. The Currency Cloud B.V. is an E-Money Institution authorised by the DNB (R142701) under the regulations for the issuing of electronic money and the provision of payment services in the Netherlands.
The Debit card is issued by Monavate Ltd., pursuant to license by Mastercard International. Mastercard is a registered trademark of Mastercard International Incorporated. Monavate Ltd a company registered in England and Wales whose registered office is at SUITE EF38, The Officers Mess Business Centre Royston Road, Duxford, Cambridge, England, CB22 4QH. Monavate Ltd is authorised in the UK by the Financial Conduct Authority (register reference 901097) under the Electronic Money Regulations 2011 for the issuing of electronic money and the provision of payment services.